GBPCAD - PERHAPS THE TOP HAS BEEN REACHED

GBPCAD displaying a bearish divergence together with the channel breakout that suggest a potential correction or a reversal to the downside. We are targeting either 1.9160 or 1.9050 areas. If both are penetrated, it would show a significant weakness in this pair for the long term. At the same time we should monitor key resistance level , technical as well as psychological 1.93. If breached, pair should target one of the resistance levels before continuing with the correction down. Overall we are very bearish on GBPCAD